Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific

Australian shares closed higher Tuesday, marking their best session since 16 June after the country’s central bank advocated for further fiscal stimulus, boosting demand for riskier assets.

The S&P/ASX 200 index closed 2.6% up at 6,156.30. New Zealand’s benchmark S&P/NZX 50 index closed 1.6% higher at 11,736.73.

Japanese stocks rose Tuesday as signs of progress in developing a C-19 coronavirus vaccine boosted investor confidence about a recovery in the global economy.

The Nikkei index ended up 0.73% at 22,884.22, with the healthcare and technology sectors leading the advance. The broader Topix rose 0.36% at 1,582.74

China shares finished higher Tuesday, supported by strong gains in healthcare stocks on rising hopes for a C-19 coronavirus vaccine. At the midday break, the Shanghai Composite index was up 0.07% at 3,316.56, after a 3.1% gainer Monday. The blue-chip CSI300 index also rose 0.07%. A sub-index tracking the sector jumped 2.78%. The smaller Shenzhen index was up 0.27% and the start-up board ChiNext Composite index was higher by 0.76%.

Hong Kong shares rose, as news of promising vaccine studies and progress by EU leaders in reaching a deal on a massive stimulus plan lifted global risk appetite.

Chinese H-shares listed in Hong Kong rose 1.27% at 10,426.11, while the Hang Seng Index was up 1.88% at 25,529.02. 

Asia-Pacific Indexes

Data as of 21 July 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:45am EDT138.64+0.47+0.34%
.TRXFLDHKPThomson Reuters Equity HK Index2:45am EDT315.48+7.66+2.49%
.TRXFLDINPThomson Reuters Equity India Index2:45am EDT1,265.00+11.96+0.95%
.N225Nikkei Stock Average 2252:15am EDT22,884.22+166.74+0.73%
.HSIHang Seng Index3:00am EDT25,511.68+453.69+1.81%
.AORDASX All Ordinaries Index19 Jul 20206,112.30-32.60-0.53%
.KS11KOSPI Index2:30am EDT2,228.83+30.63+1.39%
.SETISET Composite Index1:29am EDT1,370.53+12.24+0.90%
.JKSEJakarta Composite3:16am EDT5,120.58+69.48+1.38%
.PSIPSE Composite Index12:50am EDT6,136.31-14.39-0.23%
.SSECShanghai Composite Index3:00am EDT3,320.89+6.75+0.20%
.BSESNS&P BSE Sensex19 Jul 202037,418.99+398.85+1.08%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:00am EDT1,592.93+3.48+0.22%
.HNX30HNX 30 Index19 Jul 2020219.11-1.99-0.90%

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.